GBM - Public, US Power Trading, Associate - Houston

Goldman Sachs; Houston (TX); On-site; USD 150,000 - 210,000; Full time

Job summary

Goldman Sachs in Houston is seeking an experienced US Power Trader to price and execute derivatives and physical power trades on a day-to-day basis.

The role requires managing risk, staying abreast of market events, and collaborating with the sales team to support the business across North America.

Qualifications

• Minimum 3-5 years trading experience.
• Experience in Power trading, basis trading and PJM preferred.
• Proficiency in Python and VBA required.

Responsibilities

• Trade short term physical and financial power.
• Manage cash, short-term and medium-term trading positions risk.
• Executing and booking of flow-based and structured trades across power markets.
• Understanding commodities market fundamentals and trends and communicating information succinctly to salespeople and clients.

Skills

Python

VBA

Job description

GLOBAL MARKETS

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

Goldman Sachs has been engaged in the commodities business since 1981 and is one of the leading players in the commodities markets across a wide variety of financial and physical products. It operates a fully integrated global commodities business that is able to offer services to clients spanning derivatives risk management and advisory, physical trading and logistics and structured finance products.

THE ROLE

The US Power Trading desk is looking for an experienced trader.

The Commodities US Power trading desk market makes in a variety of US power markets and works with a range of corporate clients primarily located across North America. On a day-to-day basis, team members will be expected to price and execute derivatives transactions, stay connected with market events across commodity markets, and work with the wider team to support and build the overall business.

Responsibilities / Qualifications:

• Trade short term physical and financial power
• Manage cash, short-term and medium-term trading positions risk
• Executing and booking of flow-based and structured trades across power markets
• Understanding commodities market fundamentals and trends and communicating information succinctly to salespeople and clients

Other Qualifications

• Minimum 3-5 years trading experience
• Experience in Power trading, basis trading and PJM preferred
• Proficiency in Python and VBA required